Condolences continue to pour in after the death of Econometrix director Tony Twine on Monday.
Finance Minister Pravin Gordhan released a statement saying: “The national treasury valued his insight on such issues as international ratings agencies, the automobile industry, petroleum markets and various aspects of litigation and competition law economics.”
Twine died after a short illness at the age of 57 in Milpark Hospital following a heart attack last week.
Two weeks ago, Twine released a report on the economic implications of the proposed Karoo shale gas exploration, which was commissioned by Shell.
Twine matriculated from Pinelands High School and graduated from the University of Cape Town, according to the Econometrix website.
He studied at the University of South Africa while working for Mobil Oil Southern Africa where he worked extensively on demand models for gasoline and diesel.
He joined Datsun Nissan, where he worked as senior economist and market research manager.
Twine joined Econometrix in 1983 and became a director in 1986.
Gordhan added Twine’s contributions were invaluable. “As an eminent researcher and senior economist at Econometrix, his widely-published opinions in international media helped to form positive views of South Africa by investors.” — Additional reporting by Sapa